Current Affairs Quiz-September, 2020

Notes:
The Union Cabinet has approved the Foreign direct investment (FDI) limit in the Defence Sector through automatic approval to 74 per cent.
Earlier, the policy allowed 49 per cent FDI in Defence Sector. The new policy has a ‘National Security’ clause as a condition, that has been proposed by the Ministry of Commerce and Industry. The Government has the right to review any foreign investment that may affect national security.

Notes:
The Reserve Bank of India (RBI) has decided to measure the extent of digital payment in India by devising Digital Payment Index.
The index would also assess innovation in existing modes and will help bridge digital divide. The development of the Digital Payment Index is based on the recommendations made by Nandan Nilekani Committee on Digital Payments.

Notes:
The Union Ministry of Labour and Employment has released guidelines to states and Union Territories pertaining to welfare of migrant workers returning to destination States on account of COVID 19.
The States and UTs have been advised by the Ministry to conduct free corona virus (COVID-19) tests for migrant labourers. Also, the ministry has directed to maintain a database of all workers moving out of their States.

Notes:
Union Labour and employment minister Santosh Gangwar represented India in the virtual Meeting of Labour and Employment Ministers of G-20 nations.
The G20 meet focussed on the G20 Youth Roadmap 2025 and discussed measures to curb the impact of Covid-19 on the Labour market. The meet also identified indicators relating to youth for the first time.

Notes:
Security and Exchange Board of India (SEBI) has proposed to revamp its IT infrastructure network and communication systems.
Also, SEBI has proposed to have a centralised control over its network. In this regard, SEBI has shortlisted 8 companies which includes Bharti Airtel, Wipro, TCS, HP, IBM, NTT India, Orange Business Services India Technology and Sify Technologies.

Notes:
The Institute of Pesticide Formulation Technology (IPFT) has successfully developed a “Disinfectant spray for surface application”.
The alcohol based “Disinfectant Spray” for the surface applications contains botanical anti-microbials which would prevent various diseases caused by bacteria and virus. IPFT is an autonomous Institution under the Department of Chemicals & Petrochemicals, Ministry of Chemicals & Fertilizers.

Notes:
Marathi language movie ‘The Disciple’ has won the Best Screenplay award at Venice Film Festival. The film is directed by Chaitanya Tamhane.
The movie describes the personal and professional experiences of a Hindustani classical singer. It also bagged the prestigious FIPRESCI award. “Nomadland”, directed by Chloe Zhao won the “Golden Lion” award in the file festival.

Notes:
Japan’s Naomi Osaka has won the US open tennis women’s singles tournament. She played against Victoria Azarenka of Belarus.
This victory marks the 3rd Grand slam title of the Japanese player after 2018 US Open and 2019 Australian Open. Austria’s Dominic Thiem defeated Alexander Zverev in men’s singles final to win his first Grand Slam title.

Notes:
The new Banking Regulation (Amendment) Bill, 2020, introduced by the government empowers RBI to restructure Cooperative banks.
The bill was tabled on the first day of the Parliament’s Monsoon Session by the Finance Minister Nirmala Sitharaman. The bill which came in the form of ordinance was earlier withdrawn. Under this amendment, the Reserve Bank of India can restructure distressed cooperative banks.

Notes:
The Phase-III of Back to Village (B2V) programme has been announced by Jammu and Kashmir administration to commence from October 2 for a period of 10 days.
Phase-I of the programme was launched to understand the people’s grievances. The phase 2 focused on the devolution of powers to Panchayats in the Union Territory. The phase 3 aims at grievance redressal.